Transparency Market Research Report Added "Methanol Market" to its database.
Albany, NY -- (SBWIRE) -- 01/28/2015 -- In 2010, the global consumption of methanol was noted to be around 45 million tons. Presently, China is the world's single largest consumer of methanol as a fuel, with a total consumption capacity of 20.5 million metric tons in 2010. This was followed by the USA, with 5.3 million tons consumption (approximately 11% of global production). So, where does all this methanol come from?
Methanol is abundantly found in nature, since it is a decomposed form of organic matter. The report sheds light on the production and consumption of methanol. Globally, China is driving the methanol market. The largest producer of methanol at present is China, with its production capacity exceeding 26 million tons in 2009. Methanol is extensively used in industries such as chemicals and transportation.
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The report provides an in-depth analysis of the global methanol market with detailed data on several key aspects of the market. These include price trends, value chain, market size, product trends, future revenue estimates, and government regulations. The pros and cons of implementing government policies are also available in the report. Furthermore, information on key business collaborations, mergers and acquisitions, and joint ventures between the major industry players are present in the report. Additionally, with the help of value chain-relevant key micro and macro factors that will impact the upcoming and existing market players are addressed in the report.
Overview of the global methanol market
Methanol is a liquefied variant of methane. Decomposition of organic substance produces methane gas. With depleting fossil fuel sources, alternative energy sources have gained importance. In this scenario, methanol is the preferred choice over other modern-day gasoline products since the former releases of same amount of energy as petroleum. Many petroleum products utilize methanol as an additive to achieve enhanced performance of internal combustion engines.
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The global methanol market is segmented into three derivatives of methanol, namely acetic acid, methyl tertiary butyl ether (MTBE), and formaldehyde. Currently, the market for methanol is experiencing a record high demand for fuel applications such as dimethyl ether, biodiesel, and for direct mixing of methanol in gasoline. Approximately 40% of the total methanol consumption is geared towards producing formaldehyde, which is used in the manufacturing of diverse commodities such as explosives, paints, plastics, and plywood.
The global methanol market benefits from drivers such as high production capacity in plants, growth in chemical intermediates, and easy availability of natural gas. Furthermore, low per capita consumption of methanol provides a good potential for the growth of demand from China.
However, the conversion of methane into the liquid form is expensive, which inhibits the growth of the methanol market. Moreover, the existing supply of methane fails to meet the increasing global demand for fuel.
Companies mentioned in the research report
Several prominent companies in the global methanol market have been profiled in the report. Some of these top players include BASF SE, JSC "METAFRAX", Methanex Chile Ltd., Atlantic Methanol Production Company LLC, Eastman Chemical Company, and Celanese Corporation (U.S.).
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